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Indian River County,Florida
<br /> Statement of Net Position
<br /> September 30,2015
<br /> Governmental Business-type
<br /> Activities Activities Total
<br /> ASSETS
<br /> Current assets:
<br /> Cash and cash equivalents $ 205,933,166 $ 54,767,056 $ 260,700,222
<br /> Accounts receivable-net 2,070,558 2,494,679 4,565,237
<br /> hrternal balances 901,730 (901,730) -
<br /> Due from other governments 10,837,610 1,569,630 12,407,240
<br /> Interest receivable 288,536 536,917 825,453
<br /> Inventories 283,531 970,107 1,253,638
<br /> Prepaid expenses 1,170,524 144,112 1,314,636
<br /> Current restricted assets:
<br /> Cash and cash equivalents 5,737,623 48,771,439 54,509,062
<br /> Total current assets 227,223,278 108,352,210 335,575,488
<br /> Non-current assets:
<br /> Net other postemployment benefits asset 914,909 - 914,909
<br /> Capital assets-non-depreciable 246,063,152 31,009,856 277,073,008
<br /> Capital assets-depreciable 603,837,506 461,282,506 1,065,120,012
<br /> Capital assets-accumulated depreciation (299,450,714) (252,312,540) (551,763,254)
<br /> Non-current restricted assets:
<br /> Special assessments receivable 203,815 563,099 766,914
<br /> Impact fees receivable - 683,286 683,286
<br /> Liens receivable _. - 4,328,447 4,328,447
<br /> Total non-current assets 551,568,668 245,554,654 797,123,322
<br /> Total assets 778,791,946 353,906,864 1,132,698,810
<br /> DEFERRED OUTFLOWS OF RESOURCES
<br /> Deferred outflows related to pensions 12,120,345 711,023 12,831,368
<br /> Deferred amounts on refunding 588,058 1,386,691 1,974,749
<br /> Total deferred outflows ofresources 12,708,403 2,097,714 14,806,117
<br /> LIABILITIES
<br /> Current liabilities(payable from current assets):
<br /> Accounts payable 7,113,297 2,465,516 9,578,813
<br /> Retainage payable - 38,880 38,880
<br /> Claims payable 3,289,891 - 3,289,891
<br /> Due to other governments 603,570 32,596 636,166
<br /> Other deposits held in escrow 33,378 1,000 34,378
<br /> Unearned revenues 505,172 29,673 534,845
<br /> Accrued compensated absences 5,823,510 642,659 6,466,169
<br /> Pollution remediation costs payable 104,453 - 104,453
<br /> Current liabilities(payable from current restricted assets):
<br /> Accounts payable - 22,849 22,849
<br /> Retainage payable 1,354,623 31,833 1,386,456
<br /> Accrued interest payable - 91,433 91,433
<br /> Customer deposits 97,259 3,065,717 3,162,976
<br /> Net pension liability 3,368,794 230,487 3,599,281
<br /> Notes payable 343,000 973,000 1,316,000
<br /> Closure and maintenance costs payable - 4,630,451 4,630,451
<br /> Bonds payable 4,040,000 1,905,000 5,945,000
<br /> Total current liabilities 26,676,947 14,161,094 40,838,041
<br /> Non-current liabilities:
<br /> Accrued compensated absences 5,277,004 249,063 5,526,067
<br /> Pollution remediation costs payable 2,446,747 - 2,446,747
<br /> Claims payable 4,887,629 - 4,887,629
<br /> Net pension liability 54,989,825 3,787,601 58,777,426
<br /> Notes payable 19,706,000 6,198,000 25,904,000
<br /> Due to other governments 158,086 - 158,086
<br /> Closure and maintenance costs payable - 7,379,285 7,379,285
<br /> Bonds payable,net of premium and discount _. 6,735,000 19,176,234 25,911,234
<br /> Total non-current liabilities 94,200,291 36,790,183 130,990,474
<br /> Total liabilities 120,877,238 50,951,277 171,828,515
<br /> DEFERRED INFLOWS OF RESOURCES
<br /> Deferred inflows related to pensions 14,670,135 881,674 15,551,809
<br /> NET POSITION
<br /> Net investment in capital assets 520,214,002 213,114,279 733,328,281
<br /> Restricted for:
<br /> Transportation/mad projects 24,968,396 - 24,968,396
<br /> Public safety 13,271,766 13,271,766
<br /> Court related costs 2,885,644 2,885,644
<br /> Housing assistance 785,826 - 785,826
<br /> Capital projects 65,881,779 65,881,779
<br /> Beach renourishment 10,079,407 - 10,079,407
<br /> Culture/recreation 6,312,321 - 6,312,321
<br /> Debt service 2,914,453 2,914,453
<br /> Environmental conservation/preservation 139,188 - 139,188
<br /> Special assessment projects 1,341,307 - 1,341,307
<br /> Unrestricted 7,158,887 91,057,348 98,216,235
<br /> Total net position S 655,952,976 $ 304,171,627 $ 960,124,603
<br /> The accompanying notes are an integral part of the financial statements.
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